EU's Moscovici says French, Italian budget situations not comparable

European Commissioner for Economic and Financial Affairs Pierre Moscovici attends a news conference at the end of a eurozone finance ministers meeting in Brussels, Belgium, December4, 2018. REUTERS/Yves Herman - Copyright YVES HERMAN(Reuters)

By Reuters

Published on 12/12/2018 - 12:04•Updated 25/04/2024 - 12:26

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FRANKFURT (Reuters) - Italy has violated European Union budget criteria for years, European Economic Commissioner Pierre Moscovici said on Wednesday, adding that the French and Italian budget situations were not comparable.

France will overshoot the EU's budget deficit ceiling next year without deeper spending cuts after President Emmanuel Macron caved in to anti-government protests.